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Search Results 0 to 49 of about 72 (some duplicates have been removed)
MSNBC
Dec 27, 2012 11:00am PST
advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend a lot of time talking about the fiscal cliff and the fact of the matter is the sequestration is fazed in. >> right. >> when you start talking about some of these taxes, whether it's the ending of unemployment insurance -- >> yeah. >> whether it's the payroll tax holiday going away, you start talking about an immediate impact for millions of families in this country. >> part of david's spoipoint is there's two to three-month wriggle room and shifting resources to unemployment insurance to keeping marginal tax rates unchanged, you know, for the next few months. at some point, look, they won't be able to do that. i would say it's unlikely wow won't
CNN
Dec 31, 2012 1:00pm PST
, with senator mccain. but you know we are now technically going over the fiscal cliff. because the house of representatives is going to adjourn. they're not going to consider anything that you guys in the senate might pass. at least until tomorrow. so from your perspective, what does that mean, senator graham, that the country, the united states, is now going over the fiscal cliff? >> i just think it shows the dysfunction of the political system. back to the president's performance today, that was pretty unusual. to have a -- kind of a pep rally in the middle of negotiations. what john said about defense cuts going into effect, shooting the military in the head, according to secretary panetta, is real and true. but i want to cut $1.2 trillion over the next decade. we're going to spend $46.5 trillion. it's not hard to find $1.2 trillion. i just don't want to destroy the defense department. so if you delay the cuts, you're going to lose votes in the house. you're going to lose votes in the house because people in the house want to cut the government. i want to cut the government. i just do
CBS
Dec 31, 2012 6:00pm EST
.s. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
PBS
Dec 31, 2012 3:00pm PST
will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of nebraska. i'm ray suarez. >> woodru
MSNBC
Dec 31, 2012 10:00am PST
is the house republican conference now in their mentality on making a deal on the fiscal cliff, and is there reason for optimism if something does get produced from the senate sometime today? >> you know, i think there is reason for optimism, first of all, because, chris, you have to remember, we actually passed as part of our budget in the spring an alternative to this possess. we did another such bill in august, and then before we left prayer to plan b, we passed a third bill, so we're glad to see the senate move, and when they do, we'll have something to sink our teeth into. we might not necessarily accept it as-is. there will be some amending, i suppose, lots of debate, but i think that the house is ready to act. the difference between a senate proposal now and plan b last week is that this time we will not need to pass it only on republican votes. we'll have democrats who will be moving forward, and so i think you'll get a vote. >> let me follow-up on that, because i think it's an important point. john boehner's speakership took a hit. you can debate how big or how small.
MSNBC
Dec 28, 2012 11:00am PST
an hour away now from the late es effort to avert the so-called fiscal cliff. the three-way stare down between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty appa
FOX News
Dec 27, 2012 12:00pm PST
vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not much has changed. >> both sides are waiting for the other to make the first move. senate republicans are ready to look over a plan the democrats put forth but they say there's no plan. this morning the top senate democrat, harry reid, chided the top house republican, john boehner, nor not calling the house legislators back into zes speaker boehner should call them back today. he shouldn't have let them go in fact.
MSNBC
Dec 31, 2012 8:00am PST
. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides to prevent taxes going up tomorrow for every family in america. >> joining me live right now is democratic congressman steve israel of new york, who is chairman of the democratic congressional campaign committee. a lot happening there, congressman. thanks for speaking with us. just to get some details we just got handed to us from kelly o'donnell, that is that in the latest deal in terms of the details, the taxes that are being discussed, regardless of the rate for a moment, they would be permanent and would not have a sunset provision. again, the progress is that they have come up with some understanding of an i
CSPAN
Dec 30, 2012 6:30pm EST
floor, a couple of updates on where things stand on the fiscal cliff. he says, but the house rules committee will do at 8:00 is always derided as "martial law." he is talking about the news released by the rules committee that they will meet this evening at 8:00 p.m.. we will try to update the story for you. one at a house republican, settling in for a delicious pizza dinner and to talk about something not involving a fiscal clift deal. and from nbc -- one rep will be "real crabby" if congress is here on wednesday -- he has rose bowl tickets. you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusab
CSPAN
Dec 30, 2012 9:30pm EST
on the latest fiscal cliff negotiations. you'll hear from house democratic caucus chairman john larson, his soon to be successor, javier bassera and incoming caucus chair joe crowley. >> good evening. in keeping with the holiday spirit, happy or merry everything and happy always. would it be that we could make the american people happy by attending to the work at hand. we just concluded a caucus and our membership is as frustrated as the american people we're sworn to serve because we understand and continue to be befuddled why we can't bring up proposals that put the country back to work, why we can't deal with the tax cut for the middle class, especially when both sides agree that the country needs to go back to work and that we need middle tax tax relief. now the president said it well both on friday and today. if we can't, if they can't come to agreement within their own conference, if they continue to self-destruct before our eyes in their own conference, then minimally they have a responsibility as the president suggested to bring his proposal to the floor for an up or down vote on behalf
MSNBC
Dec 31, 2012 1:00pm PST
in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. what's your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so we're going over the cliff? >> apparently. that's the bad news. the good news is, the parameters of a deal are definitely there. as you described, jonathan, the sticking point remains this so-called trigger, the sequester. remember, they agreed upon it last summer in july and august of 2011 when they came to that big debt ceiling deal. if there were no decision on how to cut government spending by now, these draconian cuts, indiscriminate across the board to defense half of it, $500 billion in domestic programs, the other half of it, the other $500 billion would go into effect. and now some want to have that delayed. they want to have it put off. the house of representatives, the leadership there is saying absolutely no way. there are ironies that abound all along here in these negotiations, and a lot of what you se
FOX News
Dec 30, 2012 9:00pm PST
goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republicans fault. take a listen to what he had to say. >> not b
FOX News
Dec 31, 2012 4:00pm PST
the country from going off the fiscal cliff and so, the wild card is what the house republican also do but they think the senate can give them a little bit of cover if it's a strong bipartisan vote in favor of this package, trace. >> >> mike emanuel life for us on capitol hill. mike, back to you as the news warrants. traders on wall street seem to like the progress that lawmakers made at least earlier today. that gave a nice boost to our 401(k)'s. take a look how the dow performed. you can see the spike beginning around 1:00 p.m. as details of the framework began to emerge. the dow ultimately closed up triple digits. we have complete coverage of the wall street impact and the debt ceiling inside fox report. well, doctors say secretary of state hillary clinton is making excellent progress and they predict that she will make a full recovery after receiving treatment for a blood clot but secretary clinton is apparently still spending new year's eve in a new york city hospital. a spokesman says doctors found the blood close yesterday. they were performing a follow-up exam after secretary c
CSPAN
Dec 31, 2012 7:00am EST
. host: what will the house and senate be voting on today? will there be an agreement on the fiscal cliff or an alternative plan that would continue unemployment benefits and keep taxes at the bush era level? guest: i'm not sure that anybody knows. and that includes president obama, joe biden, senator reid, speaker boehner. there are not the many hours left until the new year. the players involved are all aware of that. that has not made enough of a difference to change the negotiations. we will know more as the house and senate members return to the hill this morning. then we will know if we're going over the fiscal cliff at midnight. host: edward-isaac dovere, thank you for being with us. guest: thank you. host: the senate action getting underway about 11:00 a.m. and we will have live coverage of what happens on each floor of the chamber as lawmakers will meet with reporters. this is from joseph ramirez. "the blame game continues" is the headline from "usa today." charles is joining us from texas. caller: good morning. thank you for taking my call. i think we are in trouble either way.
CNBC
Dec 31, 2012 7:00pm EST
hours of falling off the fiscal cliff let's bring in our power house political panel. roger stone long time veteran republican are strategist and larry elder, author of the best selling book dear father and dear son. two lives eight hours. welcome and i'm going to say roger stone, should the republican ares support this bill as we know it now? i really think not larry, i think what you are seeing washington at it's worst. republicans in the senate cooling their heels where three guys are behind closed doors where they can tinker around the edges in a system that needs pro growth strategies. instead we are going to get a band-aid? no. i don't think the results will be as good as everybody thinks. it is time to deal you know with the entitlements. keith, listening to president obama today who was not at his new year's gracious and listening to harry reid who is effe effectual in everything he does, do you think the democrats would rather see us go over the cliff take the revenues and know the spending cuts and that is it? more money and more spending? >> i think the democrats want to mak
FOX News
Dec 31, 2012 3:00pm PST
are the house will not vote on any fiscal cliff legislation tonight. here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they stand right now. although things are developing and they could change. those looking to europe for inspir ration and coming up with american tax rates that target the rich may have to rethink the strategy based on a ruling by a french court. senior foreign affairs correspondent greg palkot has that story. >> proponents of the high taxes in france took a bit of a hit over the weekend. >> the french constitutional council or court ruled plan 75% tax on those ea
CNN
Dec 31, 2012 4:00pm PST
, deeply disappointed by that. we may be on the verge of a fiscal cliff short-term agreement. the house of representatives, however, will not vote tonight. deal or no deal, there could be a significant impact on your taxes. tom foreman is joining us with more on this part of the storst. >> if you're sitting at home right now and you don't care about the democrats and republicans, you don't care about the white house, and you don't care about congress, you still need to be watching this number and paying attention because if that reaches zero tonight and we don't have a solid promise that a deal is in the works, it could affect everyone's wallet because everyone's taxes are going to go up. let me show you some examples here. let's say you make $50,000 in your household. that's about the median income in this country right now. your taxes next year will increase $2,000 and they'll stay up $2,000 for every year after until this deal gets fixed. we wouldn't think it would go on forever, buthat's a huge chunk. let's talk people who make $75,000. two incomes, little different if you're single
FOX News
Dec 30, 2012 1:00pm PST
. that makes sense. ed henry, live at the white house. >> the fiscal cliff is not the only one in town, congress facing a milk cliff. the farm bill is set to expire new year's day. if an extension is not passed farm policies are reverting to laws from 1949 and dairy costs would skyrocket. one option, a s extension that would at least prevent milk prices from rising. >> the looming fiscal crisis is leaving small business owners on the edge, creating uncertainty. anna spoke with business observers about their fear and joins us live in new york. >> hey there, uncertainty of the looming fiscal cliff is causing small business owners for defensive and unable to plan for the future. economists say businesses are postponing purchases like equipment or merchandise until decisions are made. >> the fact is businesses are holding back on their investments. we see this in official government numbers in terms of private sector spending. we also see it in hiring. >> i spoke to arthur cooper, owner of a internet marketing company, who is concerned the change in tax rates will hurt his ability to hire
CSPAN
Dec 30, 2012 2:00pm EST
. the house has passed two bills that would avert the fiscal cliff. in august to pass a bipartisan bill. the house passed legislation to avoid sequestration by cutting spending. our plan is to take your calls and hear from you over twitter, and to wait it out, to wait and hear what we hear from capitol hill. our cameras are on capitol hill and we hope to be able to give you some coverage of briefings happening on the hill. so far, the house is out and the senate will be out shortly once they finish this series of votes. and it was 12:15 eastern, writing a major setback in fiscal cliff talks. you may have heard sheila jackson lee question this. that negotiations between harry reid and mitch mcconnell suffered a major setback after republicans demanded the inclusion of a new method for calculating benefits for the package. change came from progressives to result in lower payments. part of the current negotiations on the scale down deal, they say that they gave ground on other issues, including raising the tax threshold, as well as -- that was from two hours ago. sheila jackson mentioned t
FOX News
Dec 30, 2012 5:00pm PST
this fiscal cliff and the calamity of the day on january 1st, tonight is true the white house dot much care if they get it on the first or the fifth? >> reporter: you're right, with withholding, some people will not feel the effects of a tax increase the first couple of days, you might have time to finagle that, the treasury department has that authority. the fact of the matter, what they're more nervous about in the white house and republicans on the hill are unclear what will happen. will it be a tarp moment like in 2008 when the tarp legislation got voted down and president bush was imploring the fell mrow republicans. it's a bitter pill to swallow. they voted it down and the markets plunged 5, 600, 700 points and everybody figured it out. what's going to happen with the markets, they're closed new years day, but when they open january 2nd, we have several consecutive days the markets have gone down not by a ton, but if they're plunging on january 2nd, that's what they're more nervous about. >> andrea. >> we've heard a lot of names in these behind closed doors talks, we've heard biden, w
FOX News
Dec 31, 2012 8:00am PST
, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from the house, this place is completely dysfunctional and this is why you wait on new year's eve to financed out what is happening, because we don't vote in the senate any more. uma: it's a very troubling and disturbing situation indeed, senator graham. thank you so much for joining us. we are all watching and waiting to see what happens over the next few hours. >> there are a lot of votes in this body to avoid the fiscal cliff if we could just get the body working we would. but i want to end with this note. if there is going to be revenue increases, not one penny should go to growing the government, all the money should
KRON
Dec 27, 2012 7:00am PST
. this is the fastest and best chance to avoid the fiscal cliff. the senate bill has already been passed by the house of representatives not boating on it as speaker bay there is having a tough time running boats on any type of tax increase. >> >> welcome back. for national retailers are recalling more than 150,000 "nap nanny " baby recliners. the recall covers the recliners generation 1 and 2 and the chilled model instant recliner sold between 2009 and 2012. if the recall comes after release five infants had died and dozens more have almost fallen out of the recliners. the consumer- products safety commission and warns that the nap nanny is dangerous defects in its decision and its design, instructing and warnings. the cpsc says that for retailers are voluntarily participated in the recall. >> toyota has settled the car owners over unintended acceleration in 2009 and 2010. the automaker has agreed to pay more than a billion dollars to install new safety features and compensate owners. trotter's us to toyota because the floor mats were getting stuck, causing their bills to accelerate. under the agree
FOX News
Dec 30, 2012 3:00pm PST
of the house. all eyes on our nation's capital will look live now as the fiscal cliff rages on in the fight to come up with some kind of solution. republicans and democrats going back and forth behind closed doors on this sunday after reports of setbacks in negotiations. joining me now for his take on what has gone on now, really, since last night, fox news senior capitol hill producer, chad, good to see you. >> thank you for having me. >> harris: so basically, chad, we're right back where we started because of this setback and these two sides are now breaking up. they've gone home. >> well, in some respects we're back further than we were. it was very remarkable this afternoon when we heard there was a major setback as they start today talk about this changed cpi, change to the the consumer price index and the way they would calculate it for entitlement benefits. that's very serious, it's almost toxic to democrats and the democrats immediately decried this as a poison pill. and again, just how quickly things have changed throughout the day. democratic senator of maryland says it's like a k
FOX News
Dec 30, 2012 7:00pm PST
get done on the fiscal cliff. negotiations continuing behind closed doors to avoid some of the the most painful tax hikes and spending cuts in our nation's history. at least one republican congressman believes the president really wants the nation to go over the cliff, he so tax rates can rise. joining me now for his take on what's going on, live from the hill right now, house budget committee member, republican south carolina congressman mick mullvaney. thank you for being with us. >> thanks for having me. >> harris: this would be quite an acting job if he really in the end wants us to go off the cliff. >> politicians are good actors. and not only the last couple months, but years, his omb, budget, the money necessary to run the programs he wanted and nancy pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of t
MSNBC
Dec 30, 2012 12:00pm PST
the president's plan then we can avoid the fiscal cliff. they won't allow a vote in the house on the president's proposal. we haven't had a vote on his plan. >> thank you, congressman for being here with us today. >> thank you. >>> coming up in our war room finger pointing is coming from all sides. these fiscal cliff negotiations. which side will likely face the bulk of the blame if there is no deal. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give us an new years clutter is no match for someone with big ideas. edge, and more savings down every aisle. it only
CSPAN
Dec 31, 2012 5:00pm EST
opposed, no. the ayes have it. the motion is adopted. the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford
FOX News
Dec 31, 2012 6:00am PST
correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxable income up to $360,000. and couples with income of about $450,000. senate republicans latest proposal allah taxes to rise on $450,000 for individuals and 550,000 for couples. republican aides say the democrats in the senate have not made any addition
CNN
Dec 31, 2012 8:00am PST
that the fiscal cliff encompasses. no matter what happens today, washington failed. the white house failed. they will not solve all the issues put in front of them. and if you get a deal today, it's likely going to kick down a few months down the road a lot of the key issues. they are talking about a mini deal that will deal with tax rates. it might deal with unemployment insurance. but it's not a comprehensive solution. people should be aware of that when they see reports later on today that there's been some deal. >> i think you're absolutely right. all three of you, we face this period of deadline after e deadline, short-term solutions to long-term problems. . it shows a budget process that's aggravating. so far the world markets have been saying we still think america is the best place to invest. ironically, all of this drama about us getting out of debt has made it cheaper for us to borrow money. we have a lot of work to do. we will be talking about this in the days to come. thanks all of you. next i'll ask what measures lawmakers are taking to avoid this manmade, this congress-made d
CSPAN
Dec 31, 2012 12:00pm EST
to the white house for the president momentarily is scheduled to speak about the fiscal cliff. he is joined by middle-class americans and is in the eisenhower executive office, a short distance from the white house. we are waiting for the president to be -- to come to the podium. you can share your thoughts with us on our facebook page as to whether washington should forge a compromise or go over the fiscal cliff. the president is coming momentarily and this is a live view from the white house. our coverage continues this december 31, 11 hours before the midnight deadline for congress to reach an agreement on the fiscal cliff. >> president of the united states -- [applause] >> thank you. >> happy new year to you. >> low, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress being made in congress today. for the last few days, leaders of both parties are working toward an agreement that will prevent a middle-class t
MSNBC
Dec 30, 2012 2:00pm PST
. >> 30 hours to go until the country hits the fiscal cliff and still no deal. i'm melissa rayberger, and the white house has sent one of its top negotiators to capitol hill, but right now it's all centered on the senate, and as democrats dig in to protect social programs, republicans do the same on taxes. >> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be about reducing the deficit and the debt, and what they are essentially suggesting is we want new taxes. we want higher taxes on people in this country to pay for new spending. >> so what happens next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night because everything seems
FOX
Dec 30, 2012 10:00pm EST
in the hospital the next 48 hours so doctors can monitor her medication. >>> the looming fiscal cliff, lawmakers on capitol hill today, leaders say no deal is in sight. >> happy new year. >> reporter: the house and senate back to work for a rare sunday session, trying to figure out the fiscal cliff negotiations. a lot of talk. very few solutions so far. >> our membership is as frustrated as the american people we're sworn to serve. >> none of the votes we'll be casting today have nothing to do with the deadlines we face in slightly more than 24 hours. we're here, we're ready. >> reporter: president obama sitting down for his first sunday morning talk show interview in over three years told nbc it's time for lawmakers to nail down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations co
CSPAN
Dec 31, 2012 2:00am EST
yield the floor and >> house democrats also spoke to reporters on the latest fiscal cliff negotiations. the weir from democratic caucus chairman john larsen, the soon- to-be successor, and incoming vice chair joe crowley. >> good evening. in keeping with the holiday spirit, merry everything and happy always. would it be that we could make the american people happy by attending to the work at hand. we just concluded a caucus. our membership is as frustrated as the american people we are sworn to serve because we understand and continue to be befuddled why we cannot bring a proposal to put the country back to work. why we cannot deal with a tax cut for the middle-class, the specially when both sides agree that the country needs to go back to work. and that we need a middle-class tax relief. the president said it well -- both on friday and today. if we cannot -- if they cannot come to agreement in their own conference, if they continue to self-destruct before our eyes in their own conference, then a minimally they have a responsibility, as the president suggested, to bring his proposal to
MSNBC
Dec 31, 2012 12:00pm PST
on the fiscal cliff. the senate confirmed two of the president's appointees and the house considered about a dozen bills including how to commemorate the 100th anniversary of the world war i and various aid and trade bills. here to give us an idea of what the congress is thinking is ed o'keefe. give us a run down. what has congress been working on and still need to do before this congress actually ends? >> it's kind of fascinating how these very modest measures that wouldn't get a vote gotten one because there's so much time on the clock still as they wait for the marquee legislative event of the year. there were changes to drywall standards. there was discussion there of the world war i commemoration which is coming up. two nominees confirmed over in the senate. two of obama's nominees. going back a few weeks, even just before christmas, there were some changes in policies at the tsa and screening baggage and judges confirmed and actually are some things that have gotten done but certainly not the big issues like you mentioned. certainly there's the fiscal cliff. a question of whether or
NBC
Dec 31, 2012 6:00am EST
coe ago lantz. >> we're less than 24 hours from the fiscal cliff deadline. congress is inching closer towards a deal. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill yesterday after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. aides say there has been what they call constructive movement on key issues like taxes, including a compromise on where to set higher rates for whether americans -- for wealthier americans and avoiding a jump in inheritance taxes. meantime, vice president joe biden is taking over at lead negotiator for democrats. >> time left to reach an agreement and we intend to continue negotiations. >> i want everybody to know i'm willing to get this done but i need a dance partner. >> if a deal is not reached by midnight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. >>> sharp cuts in defense spending and domestic programs will kick in on january 2nd. >>> if not
KRON
Dec 28, 2012 7:00am PST
four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the country. >> putin says the bill is retaliation for an american law that calls for action against russian officials were found guilty of violating human rights. >> more than 60,000 russian children have been ad
FOX Business
Dec 29, 2012 3:00am EST
are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and
FOX News
Dec 31, 2012 3:00am PST
the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti murray tipped the president's hand when she said it is okay to go off the fiscal cliff . we get credit when we cut taxing back to the level they were before the cliff . it is it a political issue for them to attain their goalings. >> dave: s
PBS
Dec 30, 2012 6:00pm PST
for republicans. one of the reasons we are at the fiscal cliff is the republican resolution was under the tacit assumption that they would control the white house, so who cared about everything stacked against them. the main problem was obama ran an absolutely brilliant campaign. republicans had a very weak field, and romney was the best of a very weak field. he himself was a very odd candidate. after the financial crisis, a man essentially of wall street, and a man whose essential issue of the 2010 campaign was obamacare, but he had passed something similar in massachusetts. he had two strikes against him, which made it very difficult begins the difficult rigid discipline obama to win. >> i think obama won because republicans underestimated him, and they did it through sell collision that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referendum on barack obama. it was a referendum on the economy and the incumbent, but not barack obama the person. republicans left the race feeling like this would be a slam-dunk in 2012. they missed the fact that th
FOX
Dec 31, 2012 7:00am PST
. >>> congress and the white house have about 13 hours to find a solution to the fiscal cliff. political reporter jamie dupree joins us via skype from washington. jamie, is there any progress being made? >> reporter: there were late night and early-morning talks. the leaders spoke by telephone. the things did not work out very well between the speaker and president obama. they didn't work out too well between the senate republican leader and the senate majority leader harry reid either. reid stepped back and now mitch mcconnell, the republican leader, is negotiating director with vice president biden. some of the details referred to leaked out may be the new income threshold with taxes going up about $400,000, $450,000. there could be a number of other things. there's so many different moving parts in this. as of right now, we still don't have a final agreement. the senate is going to be in session in just a few minutes at the top of the hour. we hope to get an update from both leaders at that point in time. >> i've heard the fiscal cliff it's been more described as a fiscal cliff slope. so it's
FOX News
Dec 30, 2012 3:00am PST
on the fiscal cliff. will congress and the white house be able to come together in time to avoid a 500 billion dollar tax hike. live reports from washington just a second away. >> dave: and president obama ordering pay raises for members of congress and other federal workers, even though we're dangling off the edge of the fiscal cliff. >> juliet: love it. >> dave: might cut your paycheck. we're not kidding. more info on that. >> clayton:'s he one of our favorite television neurotic guys, he's neurotic in real life, larry david. >> you came by the hall, wouldn't let me get by wouldn't let you get by me? >> my appointment was 11:30, yours is 11:45. >> clayton: turns out being neurotic may actually be good for you. we'll explain. "fox & friends" hour two starts right now. ♪ >> oh. >> juliet: why is that good news? why are you smiling about that neurotic thing? >> i agree with larry david on a lot of things. stop and chat, laboring about it all day, stop and chat. >> juliet: i move it along and the elevator is the worst. >> dave: stop and chat and you want to talk to clayton and you get natalie
MSNBC
Dec 30, 2012 5:00pm PST
. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us agree the chained cpi is off the table
CSPAN
Dec 31, 2012 12:30am EST
alternave to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but perhaps it will only soften the blow of the fisl cliff but also give us a sense of urgency about a grand bargain to repair our financial house. i am not so naive as to believe everybody is going to check their piticat the door, even at this late hour, but this is not a time for politicki, bickering or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans t soften the landing is completely unacceptable. i can't think of anything more irresponsible than to let this great country go over the fiscal cliff, to play games with the lives of americans in such a callous way, to jeopardize the financial standingf our country and to alarm our financial rcotics ways that could trigger another recession. something has gone terribly wrong when the biggest threat to the american economy is the american con
CNN
Dec 31, 2012 1:00am PST
. if lawmakers do not reach a fiscal cliff agreement, you could see your taxes skyrocket and deep spending cuts kick in. major sticking points, entitlements and tax increases. house republicans have ended their meetings for the night. we'll find out tomorrow whether vice president joe biden and mitch mcconnell have made any progress in their talks. any deal would have to get enough votes to pass the senate and the house. >>> president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether we are actually shook up enough by what happened here that it does not just become another one of these routine episodes where it gets a lot of attention for a couple of weeks and then it drifts away. it certainly won't feel like that to me. >> the president says the law he's pushing will address assault style rifles, high capacity magazines and background checks. >>> the fiscal cliff, it's not the only deadline pressing on congress. a five-year farm
FOX Business
Dec 31, 2012 11:00am EST
. cheryl: we are getting some crucial breaking news on the fiscal cliff discussion. this learning from the white house the president is going to address the country. 130 eastern time. that is about 45 minutes from now. obviously the president is calling to make some type of statement. it is going to be about the fiscal cliff, and he will be surrounded with middle-class americans. we are also getting reports right now, there are some details that are emerging about what a deal could possibly be looking or looking like at this hour. at this point, that deal could race tactics of raise tax rates for individuals that have an in camera above 400,000 year. households of 450 quoting a source familiar with those talks again, just crossing the wires, these two pieces of key information. we may have the framework for a deal. we will take the president's comments live. 130 eastern, 45 minutes from now. as we get ready to pop the cork on new year's, champagne already celebrating, finishing out 2012 as the number one champagne sparkling wine brand in the entire nation. joining me now as he does eve
CNN
Dec 31, 2012 4:00am PST
on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks with state farm. when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. >>> millions of americans counting down to a stifling new year of tax hike
CBS
Dec 31, 2012 5:00am PST
the so-called "fiscal cliff." this is a live picture of the u.s. capital right now where the house is set to reconvene less than a half hour from now. but there are questions about how much progress can be made. andrew spencer has more on why the process steams have stalled -- seeps to have stalled. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on a voiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch much. top level sources say the two are taking over talks. if nothing is resolved by midnight tax rates for all americans will increase. de
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